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analysis@tpglobalfx.com
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08 August 2022
Daily Analysis Report
+1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Japanese yen moves in rigid boundaries despite robust Current Account data, Asian stock markets mixed, gold hovers around $1,772 mark
Key Headlines:
• Japan Bank lending stands at 1.8 pct vs 1.2 pct previous release.
• Japan Current account stands at 0.84T vs 0.01T previous release.
• Asian share markets were mostly so er on Monday and the dollar held firm a er a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for
more super-sized rate hikes – Reuters.
• Oil prices dropped on Monday, hovering near mul -month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China's crude imports last month –
Reuters.
• Germany wants European Union rules on member states' debt to be enforced more rigorously, government sources said on Friday, se ng out reforms sought by Berlin – Reuters.
• In the weeks that followed Russia's invasion of Ukraine, western Europe's big economies began to falter. But further east it was s ll boom- me thanks to double-digit wage hikes and
generous state handouts in some countries – Reuters.
• U.S. bond funds recorded their biggest weekly purchase in eleven months in the week to Aug. 3 on expecta ons that slowing growth would prompt the Federal Reserve to slow
down the pace of its rate hikes to aid the economy – Reuters.
• Russian stocks are expected to decline in August as investors from so-called "friendly" countries, a frac on of foreign investment power, return to the unchartered waters of an
equity market now offering huge risks and insufficient transparency – Reuters.
• Turkey's current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more than $40 billion, a Reuters poll showed on Friday, as soaring
energy prices widen the shor all – Reuters.
• U.S. stock index futures were steady on Friday ahead of data expected to show the pace of job growth slowed in July, but stayed strong enough to keep the Federal Reserve on its
policy ghtening path – Reuters.
• Lebanon's banking associa on announced on Friday that banks would go on strike star ng on Monday over what of the banking it said was a build-up of “populist, harmful stances”
taken against the sector – Reuters.
• India’s financial crime-figh ng agency said on Friday that it has frozen the assets of WazirX, owned by the world's largest digital currency exchange Binance, as part of its
inves ga on into suspected viola on of foreign exchange regula ons – Reuters.
• U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden – Reuters.
• Russia reported 20,303 new daily coronavirus cases on Sunday, authori es said, the highest such figure since March 28 – Reuters.
• China has shortened the suspension me for inbound interna onal flights on routes found to have COVID-19 cases star ng on Aug. 7 – Reuters.
• The southern Chinese resort city of Sanya imposed a lockdown on Saturday and restricted transport links to try to stem a COVID-19 outbreak that comes as some 80,000 visitors
were enjoying its beaches at peak season – Reuters.
• China's defence ministry on Monday defended its shelving of military talks with the United States in protest against House Speaker Nancy Pelosi's visit to Taipei last week, warning
that Washington must bear "serious consequences." – Reuters.
• Hong Kong's government said on Monday it would shorten the COVID-19 hotel quaran ne period for all arrivals to three days from seven, taking another step in slowly unwinding
stringent pandemic rules – Reuters.
• Taiwan President Tsai Ing-wen told visi ng St. Vincent and the Grenadines Prime Minister Ralph Gonslaves in Taipei on Monday that she was "deeply touched" by him saying Chinese
military drills would not stop him visi ng friends – Reuters.
• Oil prices dropped on Monday, hovering near mul -month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China's crude imports last month –
Reuters.
• UN Secretary-General Antonio Guterres called on Monday for interna onal inspectors to be given access to the Zaporizhzhia nuclear plant a er Ukraine and Russia traded
accusa ons over the shelling of Europe's largest atomic plant at the weekend – Reuters.
Key Economic Indicators Ahead:
• (0830 GMT/1400 IST) Euro Sen x Investor Confidence, previous -26.4, expected -29.1.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01 pct to 106.61 points.
AUD / USD
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.6940
R2 S2
0.6968
R3 S3
0.6990
R4
Commentary
S4
0.7015
Buy Above 0.6940
0.6976
0.6910
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6899
0.6876
0.6922
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie trades slightly higher on Monday and stabilizes above $0.6900 mark. Today
pair made intraday high at $0.6931 and low at $0.6897 mark.Aday chart is up and H1 chart with triple
EMA suggests down trend for the time being. A sustained close above $0.6940 on H1 chart requires
for the upside rally.Alternatively, a consistent close below $0.6902 will check further supports.
0.6902
0.6876
0.6850
0.6821
AUGUST,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0198
R2 S2
1.0226
R3 S3
1.0252
R4
Commentary
S4
1.0276
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro trades in narrow range ahead of Euro Zone’s Sentix Investor Confidence data
and hovers around $1.0180 mark. Today the pair made intraday high at $1.0183 and low at $1.0159
mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A
consistent close above $1.0198 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0155 on H1 chart will check further supports.
EUR / USD
1.0150
1.0121
1.0100
1.0078
Buy Above 1.0198
1.0222
1.0176
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0155
1.0122
1.0180
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2092
R2 S2
1.2112
R3 S3
1.2140
R4
Commentary
S4
1.2172
Buy Above 1.2092
1.2130
1.2065
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2050
1.2012
1.2078
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling remains almost unchanged on Monday and trading around $1.2070 mark .
Today pair made intraday high at $1.2078 and low at $1.2047 mark. A day chart and H1 chart with
triple EMAsuggest bearish trend for the time being.Asustained close above $1.2092 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.2050 will check further supports.
USD
1.2050
1.2022
1.2001
1.1982
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022
BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26 Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2950
R2 S2
1.2972
R3 S3
1.2999
R4
Commentary
S4
1.3030
Buy Above 1.2950
1.2980
1.2926
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2918
1.2880
1.2940
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD exhibits range bound movement and remains well supported below 1.2950
mark. Today the pair made intraday high at 1.2950 and low at 1.2927 mark. Today a day chart and H1
chart with triple EMAsuggest up trend for the time being.Asustained close above 1.2950 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2920 on H1 chart will check key
supports too.
USD /CAD
1.2920
1.2899
1.2870
1.2841
AUGUST,
2022
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
135.72
R2 S2
135.99
R3 S3
136.22
R4
Commentary
S4
136.50
Buy Above 135.61
135.98
135.27
– Take Profit
– Stop Loss
Trade Idea
Sell Below 134.90
134.55
135.25
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged despite robust Bank Lending and Current
account data. The pair made intraday high at 135.58 and low at 134.93 mark. The triple EMAon a day
chart and H1 chart suggest up trend for the time being. A sustained close above 135.72 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 134.90 on H1 chart will check
further key supports.
USD /JPY
134.90
134.65
134.30
134.02
AUGUST,
2022
BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1778
R2 S2
1782
R3 S3
1787
R4
Commentary
S4
1792
Buy Above 1776
1781
1770
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1767
1762
1773
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold weakens sharply on last Friday after robust U.S. NFP Employment Change
data and touched $1,765 mark. Today the pair made intraday high at $1,775 and low at $1,771 mark.
Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $1,778 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,767 on H1 chart will test further supports. U.S. Calendar will remain empty for the day.
XAU [GOLD]
USD
/
1767
1761
1755
1749
AUGUST,
2022
Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
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DAILY ANALYSIS REPORT AUGUST 08 2022

  • 1. +1 7754 366 970 analysis@tpglobalfx.com R E P O R T F R O M : T P G LO B A L F X 08 August 2022 Daily Analysis Report
  • 2. +1 7754 366 970 analysis@tpglobalfx.com Asian Bulle n: Japanese yen moves in rigid boundaries despite robust Current Account data, Asian stock markets mixed, gold hovers around $1,772 mark Key Headlines: • Japan Bank lending stands at 1.8 pct vs 1.2 pct previous release. • Japan Current account stands at 0.84T vs 0.01T previous release. • Asian share markets were mostly so er on Monday and the dollar held firm a er a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes – Reuters. • Oil prices dropped on Monday, hovering near mul -month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China's crude imports last month – Reuters. • Germany wants European Union rules on member states' debt to be enforced more rigorously, government sources said on Friday, se ng out reforms sought by Berlin – Reuters. • In the weeks that followed Russia's invasion of Ukraine, western Europe's big economies began to falter. But further east it was s ll boom- me thanks to double-digit wage hikes and generous state handouts in some countries – Reuters. • U.S. bond funds recorded their biggest weekly purchase in eleven months in the week to Aug. 3 on expecta ons that slowing growth would prompt the Federal Reserve to slow down the pace of its rate hikes to aid the economy – Reuters. • Russian stocks are expected to decline in August as investors from so-called "friendly" countries, a frac on of foreign investment power, return to the unchartered waters of an equity market now offering huge risks and insufficient transparency – Reuters. • Turkey's current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more than $40 billion, a Reuters poll showed on Friday, as soaring energy prices widen the shor all – Reuters. • U.S. stock index futures were steady on Friday ahead of data expected to show the pace of job growth slowed in July, but stayed strong enough to keep the Federal Reserve on its policy ghtening path – Reuters. • Lebanon's banking associa on announced on Friday that banks would go on strike star ng on Monday over what of the banking it said was a build-up of “populist, harmful stances” taken against the sector – Reuters. • India’s financial crime-figh ng agency said on Friday that it has frozen the assets of WazirX, owned by the world's largest digital currency exchange Binance, as part of its inves ga on into suspected viola on of foreign exchange regula ons – Reuters. • U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden – Reuters. • Russia reported 20,303 new daily coronavirus cases on Sunday, authori es said, the highest such figure since March 28 – Reuters. • China has shortened the suspension me for inbound interna onal flights on routes found to have COVID-19 cases star ng on Aug. 7 – Reuters. • The southern Chinese resort city of Sanya imposed a lockdown on Saturday and restricted transport links to try to stem a COVID-19 outbreak that comes as some 80,000 visitors were enjoying its beaches at peak season – Reuters. • China's defence ministry on Monday defended its shelving of military talks with the United States in protest against House Speaker Nancy Pelosi's visit to Taipei last week, warning that Washington must bear "serious consequences." – Reuters. • Hong Kong's government said on Monday it would shorten the COVID-19 hotel quaran ne period for all arrivals to three days from seven, taking another step in slowly unwinding stringent pandemic rules – Reuters. • Taiwan President Tsai Ing-wen told visi ng St. Vincent and the Grenadines Prime Minister Ralph Gonslaves in Taipei on Monday that she was "deeply touched" by him saying Chinese military drills would not stop him visi ng friends – Reuters. • Oil prices dropped on Monday, hovering near mul -month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China's crude imports last month – Reuters. • UN Secretary-General Antonio Guterres called on Monday for interna onal inspectors to be given access to the Zaporizhzhia nuclear plant a er Ukraine and Russia traded accusa ons over the shelling of Europe's largest atomic plant at the weekend – Reuters. Key Economic Indicators Ahead: • (0830 GMT/1400 IST) Euro Sen x Investor Confidence, previous -26.4, expected -29.1. Economic Events Ahead: • No key events scheduled for the day. Major FX Pair Trend: USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.01 pct to 106.61 points.
  • 3. AUD / USD BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trend Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 0.6940 R2 S2 0.6968 R3 S3 0.6990 R4 Commentary S4 0.7015 Buy Above 0.6940 0.6976 0.6910 – Take Profit – Stop Loss Trade Idea Sell Below 0.6899 0.6876 0.6922 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 AUD/USD: The Aussie trades slightly higher on Monday and stabilizes above $0.6900 mark. Today pair made intraday high at $0.6931 and low at $0.6897 mark.Aday chart is up and H1 chart with triple EMA suggests down trend for the time being. A sustained close above $0.6940 on H1 chart requires for the upside rally.Alternatively, a consistent close below $0.6902 will check further supports. 0.6902 0.6876 0.6850 0.6821 AUGUST, 2022
  • 4. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.0198 R2 S2 1.0226 R3 S3 1.0252 R4 Commentary S4 1.0276 +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 EUR/USD: The euro trades in narrow range ahead of Euro Zone’s Sentix Investor Confidence data and hovers around $1.0180 mark. Today the pair made intraday high at $1.0183 and low at $1.0159 mark. Today triple EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above $1.0198 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0155 on H1 chart will check further supports. EUR / USD 1.0150 1.0121 1.0100 1.0078 Buy Above 1.0198 1.0222 1.0176 – Take Profit – Stop Loss Trade Idea Sell Below 1.0155 1.0122 1.0180 – Take Profit – Stop Loss Trade Idea Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 2022
  • 5. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary H 1 FIBO Levels PIVOT R1 S1 1.2092 R2 S2 1.2112 R3 S3 1.2140 R4 Commentary S4 1.2172 Buy Above 1.2092 1.2130 1.2065 – Take Profit – Stop Loss Trade Idea Sell Below 1.2050 1.2012 1.2078 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 GBP/USD: The sterling remains almost unchanged on Monday and trading around $1.2070 mark . Today pair made intraday high at $1.2078 and low at $1.2047 mark. A day chart and H1 chart with triple EMAsuggest bearish trend for the time being.Asustained close above $1.2092 on H1 chart will check key resistances.Alternatively, a consistent close below $1.2050 will check further supports. USD 1.2050 1.2022 1.2001 1.1982 GBP/ Trends Down Trend Moving Average (Period=75) Below MA RSI (Period=26) Below RSI LEVEL 50 AUGUST, 2022
  • 6. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trends Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26 Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1.2950 R2 S2 1.2972 R3 S3 1.2999 R4 Commentary S4 1.3030 Buy Above 1.2950 1.2980 1.2926 – Take Profit – Stop Loss Trade Idea Sell Below 1.2918 1.2880 1.2940 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/CAD: The CAD exhibits range bound movement and remains well supported below 1.2950 mark. Today the pair made intraday high at 1.2950 and low at 1.2927 mark. Today a day chart and H1 chart with triple EMAsuggest up trend for the time being.Asustained close above 1.2950 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2920 on H1 chart will check key supports too. USD /CAD 1.2920 1.2899 1.2870 1.2841 AUGUST, 2022
  • 7. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trend Up Trend Moving Average (Period=75) Above MA H 1 RSI (Period=26) Above RSI LEVEL 50 FIBO Levels PIVOT R1 S1 135.72 R2 S2 135.99 R3 S3 136.22 R4 Commentary S4 136.50 Buy Above 135.61 135.98 135.27 – Take Profit – Stop Loss Trade Idea Sell Below 134.90 134.55 135.25 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 USD/JPY: The Japanese yen remains almost unchanged despite robust Bank Lending and Current account data. The pair made intraday high at 135.58 and low at 134.93 mark. The triple EMAon a day chart and H1 chart suggest up trend for the time being. A sustained close above 135.72 on H1 chart requires for the upside rally. Alternatively, a consistent close below 134.90 on H1 chart will check further key supports. USD /JPY 134.90 134.65 134.30 134.02 AUGUST, 2022
  • 8. BUY SELL R E P O R T F R O M : T P G LO B A L F X Technical Summary Trend Down Trend Moving Average (Period=75) Below MA H 1 RSI (Period=26) Below RSI LEVEL 50 FIBO Levels PIVOT R1 S1 1778 R2 S2 1782 R3 S3 1787 R4 Commentary S4 1792 Buy Above 1776 1781 1770 – Take Profit – Stop Loss Trade Idea Sell Below 1767 1762 1773 – Take Profit – Stop Loss Trade Idea +1 7754 366 970 analysis@tpglobalfx.com - Time Frame: H1 XAU/USD (GOLD): Gold weakens sharply on last Friday after robust U.S. NFP Employment Change data and touched $1,765 mark. Today the pair made intraday high at $1,775 and low at $1,771 mark. Today a day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1,778 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,767 on H1 chart will test further supports. U.S. Calendar will remain empty for the day. XAU [GOLD] USD / 1767 1761 1755 1749 AUGUST, 2022
  • 9. Thank you! Info@tpglobalfx.com www.tpglobalfx.com R E P O R T F R O M : T P G L O B A L F X /tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does not offer its services to residents of certain jurisdictions such as USA, and British Columbia. Disclamer: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note